Official websites use .gov
A
.gov website belongs to an official
government organization in the United States.
Secure .gov websites use HTTPS
A lock (
) or https:// means you've safely
connected to the .gov website. Share sensitive
information only on official, secure websites.
Fiscal effect.
| (1) | (2) | (3) | |
|---|---|---|---|
| FIS | GIP | GUP | |
| ESER | 0.0120*** | 0.0285* | 0.0672*** |
| (0.0027) | (0.0169) | (0.0150) | |
| FIS | 3.0443*** | 2.8045*** | |
| (0.1034) | (0.0919) | ||
| Control variables | √ | √ | √ |
| City fixed effects | √ | √ | √ |
| Year fixed effects | √ | √ | √ |
| N | 3920 | 3920 | 3920 |
| R2 | 0.2554 | 0.6600 | 0.7427 |
Note Standard errors are in parentheses, ***, **, and * indicate significance at the 1%, 5%, and 10% level, respectively.
